https://www.taxtmi.com/caselaws?id=800326 Reassessment under Section 147 remained valid because investigation material from a search established a nexus between accommodation-entry operators and the loan creditors. However, additions for alleged bogus loans were deleted where confirmations, income-tax returns and banking records of the creditors were produced, the loans were fully repaid in the following financial year, and no corresponding addition was made for that year. Repayment through banking channels negated the allegation that the loans were accommodation entries; consequently, the related estimated unexplained expenditure addition had no basis. en-us Wed, 23 Sep 2026 00:00:00 +0530 Mon, 05 Oct 2026 08:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800326 Reassessment under Section 147 remained valid because investigation material from a search established a nexus between accommodation-entry operators and the loan creditors. However, additions for alleged bogus loans were deleted where confirmations, income-tax returns and banking records of the creditors were produced, the loans were fully repaid in the following financial year, and no corresponding addition was made for that year. Repayment through banking channels negated the allegation that the loans were accommodation entries; consequently, the related estimated unexplained expenditure addition had no basis. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800326